Beijing, July 08, 2021

AIIB Joins Global Infrastructure Facility to Enhance Multilateral Cooperation

The Asian Infrastructure Investment Bank (AIIB) is expanding into a new partnership by becoming a technical partner of the Global Infrastructure Facility (GIF). By working together, AIIB and GIF will be able to leverage their respective resources to more effectively mobilize private capital to develop and finance sustainable infrastructure projects for resilient and inclusive economic growth. This is AIIB’s first accreditation with a global partnership facility, enabling the Bank to expand its resources to serve a broader range of members and further its role in private capital mobilization, in line with one of the thematic priorities set out in its Corporate Strategy.

Following the signing of the Financial Procedures Agreement with the World Bank (the GIF Trustee) last month, AIIB will have access to GIF funds, knowledge and expertise to support its clients in preparing bankable infrastructure projects and attracting much-needed private capital into the infrastructure sector. As a GIF technical partner, AIIB will enhance its collaboration with other multilateral development banks to support major infrastructure projects by bringing both its sectoral experience and expertise to the platform. AIIB will further contribute to the development of high-quality projects by providing technical assistance and capacity building.

“The development and financing needs for complex infrastructure projects far exceed the capacity of the public sector,” said Joachim von Amsberg, AIIB Vice President for Policy and Strategy. “As a technical partner of GIF, we will be able to bridge gaps in the development and preparation of high quality and sustainable infrastructure projects, leverage private financing, and build capacity. In addition, we will be able to create a conducive institutional and regulatory environment in our members’ economies for public-private partnership.”

With this accreditation, AIIB joins other multilateral development banks that are technical partners of GIF. These include the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, International Finance Corporation, Islamic Development Bank, Multilateral Investment Guarantee Agency, and the World Bank.

 

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 103 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

 

About GIF

The Global Infrastructure Facility (GIF), a G20 initiative, is a global collaboration platform that integrates efforts to boost private investment in sustainable, quality infrastructure projects in developing countries and emerging markets. GIF enables collective action among a wide range of partners – including donors, development finance institutions, country governments, with inputs of private sector investors and financiers – to leverage resources and expertise and find solutions to build bankable pipelines of infrastructure projects that attract private financing.

Logos for Download

Our logo is available in JPEG and PDF format.

DOWNLOAD


Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL

More News Articles

Sharm el-Sheikh, November 22, 2022

AIIB Signs USD500-Million Agreement at COP27 to Support Pakistan’s Economic Resilience

At COP27, the Asian Infrastructure Investment Bank (AIIB) signed a USD500-million loan agreement with the government of the Islamic Republic of Pakistan to support the Building Resilience with Countercyclical Expenditures (BRACE) Program.

READ MORE

Sharm el-Sheikh, November 22, 2022

AIIB Supports Egypt’s Efforts to Boost Renewable Energy and Stimulate Climate Action

At COP27, the Asian Infrastructure Investment Bank (AIIB) joined development partners in signing a partnership agreement with Egypt’s Ministry of Electricity and Renewable Energy, Ministry of Environment and Ministry of International Cooperation, to jointly support the country’s efforts to boost renewable energy and stimulate climate action through its country-led program: Nexus on Water, Food and Energy (NWFE).

READ MORE

Sharm el-Sheikh, November 15, 2022

AIIB Enhances Commitment to Renewable Energy Infrastructure

The Asian Infrastructure Investment Bank (AIIB) has committed USD40 million to the first fund close of Alcazar Energy Partners II (the Fund). The agreement was signed by Sir Danny Alexander, AIIB Vice President for Policy and Strategy and Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy Partners-II (AEP-II), at COP27 in Sharm El-Sheikh, Egypt.

READ MORE

Sharm el-Sheikh, November 14, 2022

At COP27, AIIB Takes Action to Further Promote Climate-Resilient Infrastructure Investments

The Asian Infrastructure Investment Bank (AIIB) announced at COP27 that it has joined the Coalition for Climate Resilient Investment (CCRI), fostering a strategic partnership to apply climate-resilient solutions.

READ MORE

Home News and Insights Media Center News AIIB Joins Global Infrastructure Facility to Enhance Multilateral Cooperation